Kimco Realty Corporation

NYSE:KIM Stock Report

Market Cap: US$12.5b

Kimco Realty Management

Management criteria checks 4/4

Kimco Realty's CEO is Conor Flynn, appointed in Jan 2016, has a tenure of 8.25 years. total yearly compensation is $13.95M, comprised of 7.2% salary and 92.8% bonuses, including company stock and options. directly owns 0.2% of the company’s shares, worth $25.53M. The average tenure of the management team and the board of directors is 8.6 years and 12.1 years respectively.

Key information

Conor Flynn

Chief executive officer

US$14.0m

Total compensation

CEO salary percentage7.2%
CEO tenure8.3yrs
CEO ownership0.2%
Management average tenure8.6yrs
Board average tenure12.1yrs

Recent management updates

Recent updates

Kimco Realty: The 6.45% Preferred Shares Remain Attractive

Apr 05

Kimco Realty: A Reliable Shopping-Center REIT Providing A 5.1% Yield

Mar 21

Kimco Realty: Solid Fundamentals And Potential Double-Digit Upside

Feb 29

Kimco Is Benefitting From Favorable Shopping Center Supply/Demand

Feb 16

Kimco Realty: Not Shopping Here

Dec 15

Kimco: RPT Realty's Preferreds To Get Credit Quality Boost After Acquisition

Nov 27

Kimco Realty: 5.1% Yield, 58% Payout Ratio, 12x FFO Multiple

Nov 08

Kimco Is Attractive For Income Seeking Investors

Oct 30

Kimco Realty: Evaluating After RPT Acquisition Announcement

Oct 08

Kimco Realty: 4.8% Yield, Strong Dividend Coverage, And A Catalyst

Sep 19

Retail M&A Heats Up With Kimco/RPT Merger

Aug 31

Kimco Realty: A Solid Buy In Shopping Center REITs

Aug 15

Kimco Realty Corporation: Small Shop Risk Appears Manageable

Jun 12

Kimco Realty Stock: Redeveloping A Core REIT Position

May 23

Kimco Realty Q4 2022 Earnings Preview

Feb 08

Kimco Realty: UPREIT And Away

Jan 13

Kimco Realty announces reorganization into UPREIT structure

Dec 15

Kimco Realty Q3 2022 Earnings Preview

Oct 26

Kimco raises $300M in partial sale of its Albertsons stake

Oct 14

Kimco Realty goes ex-dividend today

Sep 08

Kimco Realty to redeem in full 3.50% notes due 2023 and 3.125% senior notes due 2023

Aug 10

Kimco Realty FFO of $0.40 beats by $0.02, revenue of $427.2M beats by $7.35M

Jul 28

Kimco Realty: Secure A Safe And Growing 4% Dividend Check

Jul 04

Why Kimco Realty Is A 'No-Brainer' Bear Market Buy

Jun 14

Kimco Realty: 3.1% Yield And Potential For Dividend Growth

Apr 03

Revisiting Kimco Realty Thesis - And Why It's A 'Hold'

Mar 26

CEO Compensation Analysis

How has Conor Flynn's remuneration changed compared to Kimco Realty's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2023US$14mUS$1m

US$629m

Sep 30 2023n/an/a

US$437m

Jun 30 2023n/an/a

US$376m

Mar 31 2023n/an/a

US$151m

Dec 31 2022US$12mUS$1m

US$99m

Sep 30 2022n/an/a

US$233m

Jun 30 2022n/an/a

US$679m

Mar 31 2022n/an/a

US$914m

Dec 31 2021US$10mUS$1m

US$816m

Sep 30 2021n/an/a

US$934m

Jun 30 2021n/an/a

US$392m

Mar 31 2021n/an/a

US$1b

Dec 31 2020US$8mUS$1m

US$971m

Sep 30 2020n/an/a

US$867m

Jun 30 2020n/an/a

US$970m

Mar 31 2020n/an/a

US$319m

Dec 31 2019US$7mUS$1m

US$337m

Sep 30 2019n/an/a

US$315m

Jun 30 2019n/an/a

US$338m

Mar 31 2019n/an/a

US$402m

Dec 31 2018US$6mUS$1m

US$430m

Sep 30 2018n/an/a

US$433m

Jun 30 2018n/an/a

US$453m

Mar 31 2018n/an/a

US$435m

Dec 31 2017US$6mUS$1m

US$370m

Compensation vs Market: Conor's total compensation ($USD13.95M) is about average for companies of similar size in the US market ($USD13.51M).

Compensation vs Earnings: Conor's compensation has been consistent with company performance over the past year.


CEO

Conor Flynn (42 yo)

8.3yrs

Tenure

US$13,951,194

Compensation

Mr. Conor C. Flynn has been the Chief Executive Officer at Kimco Realty Corporation since January 01, 2016 and served as its President from August 05, 2014 to February 27, 2017. Mr. Flynn joined the firm a...


Leadership Team

NamePositionTenureCompensationOwnership
Milton Cooper
Co-Founder & Executive Chairman32.4yrsUS$4.96m2.21%
$ 276.8m
Conor Flynn
CEO & Director8.3yrsUS$13.95m0.20%
$ 25.5m
Ross Cooper
President & Chief Investment Officer8.9yrsUS$5.90m0.092%
$ 11.5m
Glenn Cohen
Executive VP & CFO13.8yrsUS$4.84m0.096%
$ 12.0m
David Jamieson
Executive VP & COO7.2yrsUS$5.83m0.061%
$ 7.7m
Paul Westbrook
VP & Chief Accounting Officer12.2yrsno data0.013%
$ 1.6m
Kenneth Fisher
VP & CTOno datano datano data
Thomas Taddeo
Executive VP & Chief Information Officerno datano datano data
David Bujnicki
Senior Vice President of Investor Relations & Strategyno datano datano data
Bruce Rubenstein
Executive VP8.2yrsno datano data
Jennifer Maisch
VP of Marketing & Corporate Communicationsno datano datano data
Leah Landro
Executive VP & CHROno datano datano data

8.6yrs

Average Tenure

46.5yo

Average Age

Experienced Management: KIM's management team is seasoned and experienced (8.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Milton Cooper
Co-Founder & Executive Chairman32.4yrsUS$4.96m2.21%
$ 276.8m
Conor Flynn
CEO & Director8.3yrsUS$13.95m0.20%
$ 25.5m
Philip Coviello
Independent Non-Management Director15.9yrsUS$296.09k0.033%
$ 4.2m
Frank Lourenso
Independent Non-Management Director32.3yrsUS$283.59k0.033%
$ 4.2m
Richard Saltzman
Independent Non-Management Director20.8yrsUS$271.09k0.016%
$ 2.1m
Henry T. Moniz
Independent Director3.3yrsUS$271.09k0.0051%
$ 637.0k
Mary Preusse
Lead Independent Non-Management Director7.2yrsUS$340.09k0.0094%
$ 1.2m
Valerie Richardson
Independent Non-Management Director5.8yrsUS$283.59k0.0095%
$ 1.2m

12.1yrs

Average Tenure

65yo

Average Age

Experienced Board: KIM's board of directors are seasoned and experienced ( 12.1 years average tenure).


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